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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Benkea who wrote (17755)	6/18/1999 12:21:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 99985

But remember too your paying for TIME, that premium you get back gets less with time..so that buy July ex date if the qqq is still where it is now you lose that $300 per contract, & each day you get less of it back as time eats away at it. If you flip it fast them the time is no big thing, but the spreads on both ends are more than the qqq and with commissions it makes flipping them very expensive. I could see me trying to flip qqq options 9 times a day. I'd sure make waterhouse happy. <G> I did try short term trading of options back in 96 , it was a joke even when you have the stock moves nailed the floor traders and brokers will still make more than you do. ------------- I'm to old to think about being a floor trader, but if options is your bag tahts the way to go..flipping them on the net is no good. I may play a few longer term ones ( leaps ) but without the idea of jumping in/out every few days. Jim